Assets Statement Deadline Today; All Gov't Officials, Employees Required by Law to File SAL; Assets Statement Must Include Net Worth of Filers

Manila Bulletin, April 30, 2007 | Go to article overview

Assets Statement Deadline Today; All Gov't Officials, Employees Required by Law to File SAL; Assets Statement Must Include Net Worth of Filers


Byline: E. T. SUAREZ

The Ombudsman and the Civil Service Commission (CSC) have reminded all government officials and employees, whether elected or appointed, that today, April 30, is the deadline for them to file their Statements of Assets and Liabilities (SAL) as required by Republic Act 6713, the Code of Conduct and Ethical Standards for Public Officials and Employees.

They said public officials and employees - except those who serve in honorary capacity, laborers and casual or temporary workers - are required to file their SAL under oath, which must include their net worth. They must also file their Financial Disclosure of Business Interests and Financial Connections and those of their spouses and unmarried children under 18 years of age living in their households.

The two documents, SAL and Financial Disclosure, must contain information on the following:

1. Real property, its improvements, acquisition costs, assessed value and current market value;

2. Personal property and acquisition cost;

3. All other assets such as investments, cash on hand or in banks, stocks, bonds and the like;

4. Liabilities, and

5. All business interests and financial connections.

They are required to be filed within 30 days after assumption of office, on or before April 30 of every year, and within 30 days after separation from the service.

Husband and wife who are both public officials or employees may file the required statements jointly or separately, the Ombudsman and CSC said.

They said after filing the two documents, public officials and employees should execute within 30 days the necessary authority in favor of the Ombudsman to obtain from all appropriate government agencies, including the Bureau of Internal Revenue (BIR) such documents as may show their assets, liabilities, net worth, and also their business interests and financial connections in previous years, including, if possible, the year when they first assumed any office in the government. …

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